Compensation Strategies Group, Ltd.
Nova 401(k) Associates
Atlantic Pension Services Inc
Creative Pension Consultants, Inc.
The Retirement Plan Company (TRPC)/an ABG firm
Nicholas Pension Consultants
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|Missing Participants: Best Practices for Defined Benefit and Defined Contribution Plans|
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL]
Jan. 12, 2021
"This document outlines best practices that the fiduciaries of defined benefit and defined contribution plans, such as 401(k) plans, can follow to ensure that plan participants and beneficiaries receive promised benefits when they reach retirement age.... Based on EBSA's experience working with plans, the following practices have proven effective at minimizing and mitigating the problem of missing or nonresponsive participants.  Maintaining accurate census information for the plan's participant population....  Implementing effective communication strategies....  Missing participant searches....  Documenting procedures and actions."
|Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).|
|An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).|